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Jabez, I believe it has been confIrmed on the X account that the UK taxes only apply to operations within the UK borders and not to any operations outside of them, that UJO would not be paying the UK government, but the US.

I think people are underestimating the US operations and how much they will contribute to a re-rate here. It will take some time to establish a presence over there but once a few buyers start taking up the shares, I can see very tight trading. We have very few shares in issue in comparison to most AIM companies and availability will be scarce. I also think institutional interest may be a possibility due to venturing outside of the UK and it would seem the company is pushing forward on the PR out there with Harbor Access and Sidoti. This isn't going to happen overnight but I am impressed with the speed of operations to date and with what is to come. I will now steel myself for the non-shareholders and certain others to tear this apart. I am however not going to respond to them as it has shown to be totally pointless trying to show any positivity here.

Needs something to spice it up Heid? What, like a 263% rise in reserves at Wressle, a successfully drilled well in the US, a second well in the planning phase, profitable Mineral Royalties, announcement confirming a secondary recovery project, a dividend declaration, entry to the OTCQB, 75% interest in the Wilzetta project, ex-Shore Capital analyst joining the board, West Newton conformed funded and anticipated to commence operations this year. 23 RNS's in as many weeks. I think people lose track of the amount of news that has been released this year and what this company are doing to circumvent the likelihood of what is going to happen after the general election.

Sorry for spelling errors, using my mobile and my eyes and fingers are inadequate for such a small screen 😂

Best decision ever going into the US. The company's drilled a well and getting good revenues it would appear whilst under test production. In six months, one well drilled and producing, another to spud very soon, a new venture to bring a few wells back on line with secondary production and a bundle of royalties that are returning cash too. Wouldn't even get an application to drill responded to within that timeframe. I wonder how things would be looking if Union Jack only had the UK assets to look forward to with 75p in the pound being deducted in tax? I believe the tax rate in the US is about 18% so US oil is worth fare more than UK oil. Call DV over if you like but unlike his peer companies, he's not been sat on his ar5s doing nothing and allowing the company to wither. The share price is dire, but I can't really see how it's not going to re-rate with everything that is going on. Another Andrews well producing and we could be seeing a substantial cash flow, probably exceeding the value of the Wressle revenues in terms of net profit.

You have been going on and on about West Newton not happening. Now it looks like David's 'reneaissance' is

more likely, you are still moaning 🙄

All the partners fully funded means that particular concern has been removed and with the NSTA approval granted, everything looking good for mobilisation this year as DB stated. Thats good enough for me.

Lest we remember !

Hows about the buy backs an renaissance of West Newton this year RNS'd by David ??????

😂😂😂

Bucephalus1, without a doubt she has an issue, it's not normal to keep targeting the management of this company to the degree she does. It's not only incessant on here, every day, week after week, month after month whilst claiming her family are heavily invested. To then create an X account dedicated to attacking them personally, even advisors and PR people are on her hit list. Throw in the constant abusive and ridiculous images she creates along with her tagging in people's personal accounts, suggests some sort of issue with her mental health. It's as though she has no family, no life, nothing. Her only entertainment is sitting on her ipad all day awaiting someone to post so that she can then start her ridiculous rants under the header created by the original poster, totally destroying the original comment. It's as though any positivity triggers her into some sort of state of mind that requires her to post incessantly until her medication kicks in.

Canchat, my gripe is I cannot post anything positive without him or Heid jumping on it then using my header to add all their negative claptrap. It's as though some people feel the need to keep attacking Union Jack and they aren't even shareholders

That whatever DB does, he is immediately condemned by a small number of people on here. This year we have strong revenues being seen from Wressle, we have drilled a successful well in Oklahoma, we have purchased mineral royalties that are returning revenue, 10% of consideration earned since December 2023 announced in January, so whilst we are unaware of the total earned to date, it is more revenue. A small dividend is being paid, maybe less than some may like but the fact remains it is something no other UK oiler is doing which makes Union Jack quite unique and offers a lot more hope of success than most. It's easy to get emotional when you are down on your investment and the first course of action is to blame the management. Demand they buy shares, demand they take salary cuts, demand bigger dividends, demand this, demand that. But I am quietly confident that the company is going to do extremely well in the US, given the chance. It has started off quite impressively and it would appear there's lots to come. Another Andrews well, the secondary recovery, the Wilzetta, possibly a third Andrews well. Forgetting the UK assets other than Wressle, the US assets are really going to compensate for the awful situation we are in with operators and the government outlook on this industry. What if we hadn't entered the US, what then? I wouldn't be expecting any good news for the rest of this year and longer.

Pboo, do you not understand "These site upgrades are expected to materially enhance current flow rates, with up to 100 barrels per day of high quality (46 º API gravity) oil having already been recorded at Andrews 1-17 during May 2024"

Already up to a 100 bopd under test conditions, 'materially enhance' means more and materially means quite a lot more!

Why things won't start improving from here onwards. A year ago we had Wressle and Keddington, with the hope that West Newton would be mobilised, Biscathorpe would be drilled, Keddington side tracked and of course the Peni5tone flags. It was just that, hope. With the planning objection to Biscathorpe, the planning awaiting the Flags, no sign of Egdon drilling anything or Reabold/Rathlin getting their act together, it's fair to say the operators have severely let Union Jack down and all credit to DB for at least diversifying away from all that rather than just sit there doing nothing. There's no doubt that the Andrews-1 well is going to be producing well upwards of 100 bopd and the Andrews-2 likely to mirror that. Looking at the new page on the website, the USA stuff is looking very good and I reckon apart from Wressle, all future investment will be in the States which is already returning revenue after just a few months.

A comment Malcy made was retweeted including the article Malcy wrote. That comment was merely highlighted. Yet again, you look to add your negativity to this bb.

Pboo, just looked at that tweet, It is Malcy's comment, not DB's and as stated many times before, it's not DB tweeting, it's heid's mate. You really should get your facts right as you are such a stickler for facts 😂

Heid, are you on any medication?

The sad part about all this is that DB is moving away from UK oil and gas as are the bigger companies operating in the North Sea. The good thing is that because of DB's investment in Wressle, the company is able to do this without raising cash and further diluting shareholders. As with any AIM company, there is a big risk to your investment and many company's go into bankruptcy, delist, dilute to the point there will likely ever be any value ever etc. For all the whinging on here, what the company is doing in the States is already paying off and judging by the oil flow presently being recorded on clean up of the Andrews-1 well, I see no reason to think the Andrews-2 will be any different. This is looking like a new era for Union Jack at a time when tax of 75p in the pound would mean little or no profit for the company, further compounded by Labour's 78p in the pound should they take power. Shareholders should thank their lucky stars DB chose the US and his timing to do so. Whilst I agree that building value here has been tedious, I do think we need to see just what this company achieves over the rest of 2024 because drill an Andrews-3 well and net revenues will far surpass that of the highly taxed Wressle cash.

"We don't know what bonus payment Zac got too"

Heid, from what I can see, Zac is an independent advisor, not employed by the company so why on earth would you suggest he would get a bonus? And as for the 100 bopd covering Craig Howie's salary, gosh, he would have to be on a £million+ a year 😂

Nice post Grey Panther, what do you think Pboo?

Heid, instead of posting relentlessly on this bulletin board, repeating the same dross over and over, why don't you attend the AGM and address your concerns directly to the board? No excuses about how you wouldn't be welcome, you are fully entitled to be there and if as you say there will be lots of other disgruntled shareholders attending, you won't be alone. Your opinion here is worthless, nobody bases their investments on the rantings of a few negative posters, in effect, you are talking to yourself in the most.